Vol 2 Chapter 700: Capital Divide Feast
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Grab money!
Grab money!
Crazy grabbing money from WorldCom has now become the mainstream of the financial market. Many financial predators, including savvy retail investors, are rushing in frantically to participate in this grand capital sharing feast.
Enron is only left with a market value worth more than US$20 billion, less than one-fifth of its original value.
But even so, its stock price still cannot stop falling.
"Make money!"
"The speed at which money is robbed is really intoxicating!"
"In just one day, our company has accounted for 50 million US dollars. That's it? It's because of our late entry, otherwise our daily profit will definitely exceed 80 million US dollars, even as high as 100 million US dollars."
"First there was Enron, then Global Telecom, and now WorldCom...My God! This is simply wonderful!"
The elites of the major investment banks on Wall Street are almost fainted by this kind of welfare.
WorldCom has fallen into the abyss step by step, and no one can turn the tide.
of course!
There are also people who want to save WorldCom!
For example-Mississippi State Government.
Mississippi is a state in the southern United States. It is located on the east bank of the Mississippi River and has a land area of 123,000 square kilometers. Among the 50 states in the United States, it ranks 32nd. However, the state is an agricultural state with average overall strength.
The population base is only more than 2.8 million people, and the population has a downward trend every year.
Although WorldCom is being screamed by the outside world at this moment, the Mississippi State Government wants to save it. Who makes WorldCom one of the largest companies in Mississippi?
"If it can be saved, we still have to save it!"
A municipal government executive Shen said, "After all, since the establishment of WorldCom, it has provided the government with a large amount of tax revenue every year, and more importantly, it is job demand. WorldCom has nearly 100,000 employees, of which only In Mississippi, we have provided as many as tens of thousands of jobs. Once WorldCom is completely destroyed, these people who lose their jobs will surely bring violent turmoil to society."
As soon as the voice fell, he immediately got the support of some people.
"If you can save it, you must save it."
"More than tens of thousands of people in Mississippi directly work for WorldCom, and there are also a large number of affiliated companies that serve it. When converted, this loss is tens of thousands of families. You know, the population of the state is only more than 2.8 million US dollars. !"
"WorldCom is a big company, and it is the pride of our Mississippi. We can't just watch it fall."
Some people support it, and naturally others oppose it.
"Tsk tut~"
A congressman immediately sneered: "Save? What can we save?!"
As soon as the voice fell, another person echoed: "If we want to save WorldCom, we have to guarantee it at least 5 billion US dollars in funds. That's it? Or the gluttons on Wall Street have not started."
"..."
Those who clamored to save WorldCom were immediately silent.
There was a dead silence.
Dude, there must be a limit to the iron!
The US$5 billion financial guarantee is really just a drop in the bucket!
Hundreds of large and small investment banks on Wall Street, including capital from Europe, Asia, and Australia, have already opened their mouths and are ready to wait. Not to mention the mere US$5 billion, that is, US$10 billion, or even 30 billion. Funds can also be swallowed up.
Well, the kind that doesn't leave a single hair.
Not long after, the meeting ended without a problem.
After finishing the meeting, a state legislator immediately dialed a phone call to inform all of the contents of today's meeting.
The person on the other end of the phone is very satisfied.
——Benan Monel!
He is a middle-aged man. He wears a gray suit all the year round. He has a big belly and looks ordinary. It is so inconspicuous to throw into the crowd, but... you can ask the American telecommunications industry circle. People inside, who dare to underestimate him? !
Benin Monel is the vice chairman of the American Telephone and Telegraph Company and concurrently serves as the executive president.
Today, WorldCom, which is mired in the scandal, is the second largest long-distance call telecommunications company in the United States.
That's right!
It's the American Telephone and Telegraph Company!
The company was founded in 1895, and its predecessor was Bell Telephone Company. The founder of this company was indeed Bell, the inventor of the telephone!
The company is the world’s first telephone company, and has always existed as a monopoly after its establishment. Even in 1984, it was forcibly split into seven companies (commonly known as the Bell Seven Brothers) under the anti-monopoly law by the American authorities. How is the result?
Each of the Bell Seven Brothers exists as a monopoly!
Among them, AT&T is the most powerful company. In well-known financial magazines such as Fortune, New Finance, and Forbes, the company ranks in the forefront of the world's top 500 companies all year round.
As of the beginning of 2021, the company has more than 270,000 employees worldwide. The telecommunications company second only to the Great Heaven;
In 2020, the annual revenue will reach more than 180 billion US dollars.
In January 2021, the company's market value was as high as 207.4 billion U.S. dollars, a proper giant company!
"Ha ha!"
At this moment, Benin Monel, the vice chairman of the American Telephone and Telegraph Company and also the CEO of the company, couldn't help being very happy after finishing the call.
"happy?"
"Of course I am very happy, which means that the company can take another solid step forward!"
"The Mississippi State Government wants to save WorldCom? What a joke! It's totally overkill!"
When Benin Monel talked to himself~www.wuxiaspot.com~, all of them were full of disdain for WorldCom.
Of course he has this confidence!
Before WorldCom was caught in the scandal, Benin Monel was a famous rival of WorldCom, and he suppressed WorldCom for years, let alone now.
He has now made a decision, a decision to put WorldCom into the abyss completely!
at the same time.
Telecom giants such as Verizon Telecom, Comcast Telecom, Chartered Communications, CenturyLink, etc. also received the news at the first time and launched almost the same choice as Benin Monel—— Kill WorldCom completely.
what? !
You said, how could they get news so quickly?
Ha ha!
The meeting of the American state government is like a sieve to them, simply not defensive!
As time goes by day by day, WorldCom is completely finished!
What used to be a giant of hundreds of billions is now just a joke.
Ding Ding Ding~
Just today, Zhu Ke received a call from Dafeng Capital CEO Andy Chelop, which contained only one sentence: "WorldCom's market value is only less than 500 million U.S. dollars!"
How embarrassing!
We must know that two months ago, WorldCom was the second largest long-distance call company in the United States, with a market value of more than 100 billion U.S. dollars. But now its market value is less than 500 million U.S. dollars, and it is also burdened with more than 30 billion U.S. dollars. Of huge debts.
"I can't believe it, the minister's book has already written 700 chapters. Congratulations~~Applause~~
